A market perpetually looking for reasons to temper Federal Reserve hiking expectations (so they can buy equities), had those quashed on Friday. US headline inflation accelerated to 8.60% YoY from 8.30% previously, with core inflation holding at 6.0%, slightly lower than April’s 6.0%. That sparked a scramble to reassess Fed hiking expectations, with some calling […]
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Bank of America data are pointing to a growing imbalance beneath otherwise solid consumer activity in the U.S. economy. Spending data for March suggests households are still actively buying across key categories, reinforcing the view Read more…
USDJPY: ⬆️ Buy USDJPY from the support zone Likely to test resistance levels 160.40 and 161.00 USDJPY currency pair recently reversed from the support zone between the key support level 157.50 (which stopped the previous Read more…